Description

Excellent opportunity to own/invest in a modern, clean, completely re outfitted industrial facility. Two level office capability or storage mezzanine with main floor showroom. New surfacing, including apron and controlled access, allows for impressive exterior capacity. Located on 1.5ac in a premier industrial community, in close proximity to many major retailers, transit systems and easy highway access. (id:66096)

Property Details

MLS®: X13637506
Property Type: Industrial
Zoning: M3
Interior Size: 8,400 ft²
Lot Size: 8,400 sq ft (0.19 ac)
Frontage: 254 ft
Building Area: 8,400 ft²
Heating: Forced air
Cooling: Partially air conditioned, Fully air conditioned
Property Tax: $43,323/yr
Listed: 92 days ago

Market Timing

Days on market

92d

Cambridge listings, avg age

57d

Price / ft²

$619

List price

$5.20M

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

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Area context

Neighbourhood profile (N1T)

This home lists at $5,200,000, about 41.9× the local median household income of $124,000.

Carrying it typically needs a household income of about $1,015,742 (20% down, 25-yr amortization, stress-tested) — roughly 719% above the area median.

Median household income: $124,000
Population: 18,513
Median age: 37.2
Owner / renter: 84% / 16%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA N1T)

$5,200,000· $619/ft²

For sale

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Financing

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255 Thompson Drive, Cambridge - Industrial for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (N1T)

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